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PMI Updated PMI-RMP Exam Questions and Answers by lili

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PMI PMI-RMP Exam Overview :

Exam Name: PMI Risk Management Professional (PMI-RMP) Exam
Exam Code: PMI-RMP Dumps
Vendor: PMI Certification: PMI Certification
Questions: 221 Q&A's Shared By: lili
Question 60

A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?

Options:

A.

Updated probability and impact matrix

B.

Updated risk register

C.

Updated mitigation plans

D.

Updated project schedule

 

Discussion
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Question 61

A project manager has requested the risk manager's support in deciding whether to purchase a new component to expedite project execution. The component price is US$100,000 and there is a 30% chance that it might not function as expected resulting in an additional US$50,000 cost However, if the component does work well the project will make a profit of USS500.000. If the component is not purchased, there is an 80% chance of failure with an impact of US$250 000.

What should the risk manager recommend?

Options:

A.

The new component should be purchased.

B.

Both options are losses to the project.

C.

Cost to expedite the execution is not worth the added risk.

D.

Perform a Monte Carlo simulation to quantify the impacts.

Discussion
Question 62

Which statement describes the risk portrayed on the risk matrix heat map below?

Options:

A.

The risk has a probability of 60% of occurrence and a medium impact rating.

B.

The risk has a probability of 40% of occurrence and a high impact rating.

C.

The risk has a high impact and probability of occurring.

D.

The risk has a low probability and high impact rating.

Discussion
Question 63

A project manager is developing the risk register and works with the team to analyze risks and determine their probability and impact. There is valuable historical data available that may be used to simulate the overall risk outcome.

Which type of analysis should the project manager use in this instance?

Options:

A.

Check list analysis

B.

Cause and effect

C.

Specialized meeting

D.

Quantitative analysis

Discussion
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